ENEL GREEN POWER ENTERS INTO LOAN AGREEMENT WITH EIB FOR 200 MILLION EUROS TO PARTIALLY COVER INVESTMENTS IN ROMANIA

Published on Monday, 2 December 2013

The operation follows on a total of 600 million euros in funding agreements from the last three years and is a sign of EIB confidence in Enel Green Powers investments in the sector.

Rome, December 2nd, 2013  The European Investment Bank (EIB) and Enel Green Power International BV, the financial and controlling holding company of international subsidiaries of the Enel Green Power Group, have closed a financing operation for 200 million euros to partially cover investments for some wind farms in the Banat and Dobrogea regions of Romania.

The 15-year loan has a pre-repayment grace period of up to two and a half years, bears economic conditions which are competitive with the market benchmark and is secured by a parent company guarantee issued, at the request of Enel Green Power S.p.A. (Enel Green Power), by Enel S.p.A. The issue of the guarantee is exempt from the Procedure for transactions with related parties adopted by Enel Green Power, as a regular transaction of major importance at market-equivalent or standard terms. The terms of the guarantee are in line with those generally granted by Enel Green Power to leading banks for loans of similar amount and maturity.

This operation, together with the total of 600 million euros in funding agreements from the last three years is a sign of the confidence that the EIB has in the Enel Green Power Groups investments in the sector.

For the EIB, the operation falls under one of its priority areas for intervention, i.e. financing projects in the energy sector that stimulate increased generation from renewables.

Enel Green Powers growth strategy is built upon financing projects with the cash flows generated along with using outside sources only at competitive costs, when dealing with long-term projects, and when combining forces with reliable partners.

All Enel Green Power press releases are also available in versions for smart phones and tablets. You can download the Enel Mobile app at: Apple Store, Google Play and BlackBerryApp World

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014